,,ii #aacth ,,congress #ast ,session ,s4 #adjb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ca1 #bjac ,mr4 ,boozman introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to repeal the ,federal estate and gift taxes4 #a4 ,short title ,this ,act may be cited as the ,death ,tax ,repeal ,act4 #b4 ,repeal of estate and gift taxes 7a7 ,in general ,subtitle ,b of the ,internal ,revenue ,code of #aihf 7relating to estate1 gift1 and generation-skipping taxes7 is hereby repealed4 7b7 ,effective date ,the repeal made by subsection 7a7 shall apply to estates of decedents dying1 gifts made1 and generation-skipping transfers made after the date of the enactment of this ,act4